Most people asked this questions on a daily basis. There’s no actual date on when Pi Network will going to hit phase 3. During phase 1 we witnessed how Pi Network community rapidly grow its users, it is unprecedented in crypto world. In just one year Pi Network reached 3.5 million pioneers.
On Pi Day March 14, 2020. The Pi Network team and developers launched Phase 2. According to the dev team phase 2 has two primary goals.
1.) Building value with an application platform.
2.) Decentralizing the Pi Network by building the testnet.
And on March 31st Pi Network has released the first Beta version of its Node Software! Achieving this important milestone is the first step towards building the Pi Testnet, and ultimately towards decentralization of the network, one of the two primary goals of Pi’s Phase 2 strategy.
So when is phase 3? We don’t know 💁♂️ it’ll probably take years before we can get to phase 3, or maybe next month? Or maybe next week? We just don’t have the exact date and time. And the project budget also affect the development of Pi Network project and the launching to mainnet phase 3. We should not rush a good project. The developers of Pi Network needs financial support. So just sit tight continue mining and eventually will get to phase 3. I know all of you are anxious to get to mainnet, me too.
Here’s the Roadmap Deployment plan.
When the community feels the software is ready for production, and it has been thoroughly tested on the testnet, the official mainnet of the Pi network will be launched. An important detail is that, in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored. After this point, the faucet and Pi network emulator of Phase 1 will be shut down and the system will continue on its own forever. Future updates to the protocol will be contributed by the Pi developer community and Pi’s core team, and will be proposed by the committee. Their implementation and deployment will depend on nodes updating the mining software just like any other blockchains. No central authority will be controlling the currency and it will be fully decentralized. Balances of fake users or duplicate users will be discarded. This is the phase when Pi can be connected to exchanges and be exchanged for other currencies.